esvand

Fib Retracement

BITSTAMP:BTCUSD   Bitcoin
I have started to notice that, when I draw my Fib's, between the initial run from 1.0 to 0.0, the 0.71 often ends up aligning with an area of consolidation, and ride the 71% line. After a initial run up/down, could we use this to predict where the next swing will be?
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